SunTrust Mortgage Executive Seth Sprague Departs April 30, 2013 Paul Muolo Sprague, a veteran of SunTrust, Bank of America, and Matrix Capital, has joined Phoenix Capital. Read More
Short Takes: Improved Mortgage Profit Margins in 2Q / Help for the Manufactured Housing Market / Citigroup Loves Jumbos / $25 Billion in HAMP Money Left / Freddie Speaks About the Common Securitization Platform April 29, 2013 Paul Muolo and Thomas Ressler Mortgage profits are improving in the second quarter, but how long can it last? Meanwhile, Freddie talks about the CSP.Read More
What Were Hearing: What Happened at that White House Mortgage Meeting? / GSE Net Worth May Double / Market Share to Shift to FHA? / Largest Decliners in Fundings Use Brokers / Whats Next for CashCall? April 26, 2013 The White House wants to change the HARP eligibility date, making more underwater borrowers eligible for the program, Inside Mortgage Finance has learned. Read More
Short Takes: HUD Secretary Promises No More Premium Hikes / Meanwhile, HUD Will Close Some Offices / National MI is Open for Business / BofA Says Dont Compare it to Wells / Mortgage REITs a Concern? April 25, 2013 Paul Muolo FHA lenders are resting easier today thanks to a promise from HUD secretary Shaun Donovan not to hike FHA premiums again.Read More
Short Takes: Stearns Gets Serious About Servicing / BofA Has High Delinquencies on Second Liens / FHFA Continues to Hunt for MBS Platform CEO / Akre Departs Trading Firm for Oak Circle / CFPB Frets About Pay Day Lenders April 24, 2013 Paul Muolo and Thomas Ressler Stearns Lending, one of the fastest growing servicers in the U.S., has hired a new manager to help it with servicing acquisitions. Read More
Short Takes: CFPB Showing Some Love for Banks / Fannie About to Award a Big Tech Contract? / FHFA Doesnt Want Higher Minimum Net Worth / Home Buyer Traffic Spikes / 100 Percent LTV Loans Not on NCUAs Radar? April 23, 2013 Paul Muolo Residential lenders can rest easy: the GSEs aren't about to hike their net worth minimums. Also: the CFPB shows some love to banks. Read More
House Banking Chairman Wont Let CFPBs Cordray Testify April 23, 2013 Thomas Ressler Although Rep. Hensarling rebuffed Cordray, the CFPB chief delivered the agencys semi-annual report to the Senate Banking Committee Tuesday morning. Read More
Short Takes: Need Seller/Servicer Approvals? Bring Your Check Book / IMA Selling Ginnie Bulk MSR Deal / Fitch Worries About CMBS / Will the Senate Grill CFPBs Cordray? / New Hire at WFG National Title April 22, 2013 Paul Muolo and Thomas Ressler Obtaining approvals to become a GSE seller/servicer can cost you, but think of the money you can make from owning servicing rights. Read More
What Were Hearing: Fannie and Freddie Swamped with Seller/Servicer Apps / Is the G-Fee Hike Coming? / BofA and Fannie About to Make Nice on Purchase Loans? / Title Insurance Business Staging a Comeback / Michael Laus New Firm Inks a Deal to Bu April 19, 2013 Just how healthy is the residential mortgage business these days? Answer: Fannie Mae and Freddie Mac are swamped with seller/servicer applications.Read More
FHFA IG Says Agency Needs More Examiners April 18, 2013 Charles Wisniowski The Inspector General of the Federal Housing Finance Agency says the agency needs more examiners to keep an eye on the GSEs.Read More